Disney, Comcast, CBS and other traditional media companies are frustrated that investors have given Netflix (domain: netflix.com) a seemingly unfair advantage: the more Netflix spends on content, the more its shares go up. CNBC's Alex Sherman explains how Netflix's strategy is shaking up traditional media companies. CNBC.com video above published Jun 13, 2018.

Fed Rate Increase--"... with the rest of the world still on negative or zero interest rates, then money continues to pour into [U.S.] Treasuries making the ballooning deficit a SEPT (Someone Else’s Problem Tomorrow) ..."--Bill Blain.

Macro risks: EU & Eurozone, China, Emerging Markets

EU & Eurozone: The G7 Summit Highlights Western Leaders' Hypocrisy and Vulnerability--ZeroHedge.com: "Other countries pretend to be interested in free trade; in reality they only care about their own advantage..." Also Mario Draghi Might Never Get to Raise Rates at the ECB | Bloomberg.com 14 June 2018: ECB president dashes expectations for tightening early in 2019, new policy guidance is dovish even as bond-buying program ends. See also Capital Flight To Germany:"most likely outcome is a destructive breakup of the eurozone, starting in Italy or Greece."--ZeroHedge.com

Bitcoin is ‘the last thing I’d want to own’ if the grid goes down, says famed short seller Jim Chanos--MarketWatch.com. See also Crypto Collapse Accelerates As Bitcoin Miners Turn Cashflow Negative: "market manipulation during last year's meltup and collapsing margins for miners as prices tumble below breakevens"--ZeroHedge.com. See also New York Times: Researchers say campaign of price manipulation using Tether via Bitfinex may have accounted for at least half of the increase in the price of Bitcoin last year.

Biggest winner in theAT&T-Time Warner merger? Time Warner CEO Bewkes could receive $434 million ’platinum parachute’--MarketWatch.com. Editor's note: just more incentive for more vertical M&A yet to come in tech, telecom, and media.